Monday, June 12, 2017

Corbyn: Democratize the economy

The UK Labour Party gained seats in the last election primarily due to its progressive people's platform. And one of the huge items in that platform was democratizing the economy. (See their report entitled Alternative Models of Ownership in the link.) It plans to implement the idea via worker co-ops, municipal and locally led ownership, and national ownership of natural monopolies like rail and mail. See the link for details. Indeed it's time to take seriously the demise of capitalism and the rise of the collaborative commons. From the article:

"And democratizing the economy means challenging the most important fundamental of capitalist economics: the primacy of private ownership. In particular, private ownership of capital, of all the things — the buildings, the machines, the tools, the hardware, and the software — that we use to make other things. Without a say in how tools are used, workers themselves become passive tools. Being able to actively participate in decision-making and ownership go hand in hand. Democratizing means taking ownership."

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